Citgo To Pay Less For Oil

January 07, 1986

U.S. oil prices slipped another notch Monday as Citgo Petroleum Corp. lowered the price it will pay for Kansas sweet crude oil by 25 cents, to $26.75 a barrel. But Citgo, based in Tulsa, held the line on West Texas intermediate after trimming its buying price for the nation`s benchmark oil by 75 cents, to $27.25 a barrel, Jan. 1. At that time Citgo also cut its posted price for Kansas sweet crude by 75 cents, to $27 a barrel.